Thursday, April 21, 2016

SVN | Chicago Commercial Named Second-Highest-Earning Office in Sperry Van Ness International Network

Al Stepan
CHICAGO (April 15, 2016) - SVN | Chicago Commercial today announced it was named the second-highest-revenue-grossing office in the SVN network for 2015, marking the third consecutive year the Chicago office has ranked in the top three among the network’s 200 international franchises.

The Chicago office, which posted year-over-year revenue growth of six percent, was recognized at the full-service brokerage firm’s national conference, held in San Diego this past February.

Additionally, Chicago Managing Director Al Stepan was named “Innovator of the Year” by his SVN peers.

 “We are thrilled to again be recognized as a top-producing office within the SVN network,” said Michael Thanasouras, managing director at SVN | Chicago Commercial. “We take pride in fostering an environment that encourages individual and collective success, and this award is a testament to the tireless efforts of the talented professionals who comprise our entrepreneurial team.” 

Michael Thanasouras
Contributing to SVN | Chicago Commercial’s strong performance in 2015 were a rising number of middle-market transactions, particularly in secondary and tertiary markets across the country where prices have been slower to appreciate, fueling investment activity.

 In addition to transactions throughout the Chicago area, the firm executed deals in cities like Denver, St. Louis, Cincinnati, Omaha, Phoenix and Miami.

“Across all markets, we are seeing an uptick in deals between $2 million and $10 million, with most Chicago-area activity focused on the multifamily sector,” said Thanasouras, 

“We’re also seeing some growth in office and industrial – including velocity in the suburbs – as well as the return of land deals in the city as transit-oriented developments heat up.”

For a complete copy of the company’s news release, please contact:

Lehia Franklin Acox,, 312-267-4511

Kim Manning,, 312-267-4527

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